We identify a positive causal effect of healthy working environments on corporate innovation, using the staggered … with weaker pre-existing tobacco controls. We present suggestive evidence that smoke-free laws affect innovation by …

' innovation strategies. Our empirical analyses, based on a sample of 85,591 M&A deals from 57 countries, show that innovative … firms in low innovation countries are more likely to undertake cross-border deals, and select innovative targets when doing … so, as compared with innovative firms in high innovation countries. We also find that these cross-border M&As earn higher …

We study how incentives to boost short-term performance affect longer-term innovation output. Share repurchases that … innovation outputs such as forward citation counts and the economic value of patents. These results appear to be driven by a … shift in firms' innovation strategy. Firms are more likely to explore newer technologies and to increase the scope of …